Tuesday, November 30, 2010

Why are for-profits’ standards so high?

by Andrew Gillen

The Education Trust report lamenting the 22% graduation rate at for-profits is getting lots of attention. My main question is, why do for-profits have such high standards?

Think about it. When for-profits aren’t being attacked for having a low graduation rate, they are being attacked for being diploma mills selling unsuspecting students worthless degrees at inflated prices. If that is the business model, then why on earth would they only have a 22% graduation rate?

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